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schedule of values

   Also found in: Acronyms, Wikipedia 0.01 sec.
schedule of values
A statement furnished by the contractor to the architect reflecting the portions of the contract sum allotted for the various parts of the work and used as the basis for reviewing the contractor’s applications for progress payments.


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These construction cost codes break down a project by every category and assign a number to it thus creating a schedule of values.
A schedule of values for days of fishing under different conditions has also been considered.
Cost-segregation studies that result in significant tax savings demand far more analysis than simply classifying line items from the contractor's schedule of values.
 
 
 
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